Investment in Schooling and the Marriage Market

Pierre Chiappori, Murat Iyigun and Yoram Weiss

American Economic Review, 2009, vol. 99, issue 5, 1689-1713

Abstract: We present a model in which investment in schooling generates two kinds of returns: the labor-market return, resulting from higher wages, and a marriage-market return, defined as the impact of schooling on the marital surplus share one can extract. Men and women may have different incentives to invest in schooling because of different market wages or household roles. This asymmetry can yield a mixed equilibrium with some educated individuals marrying uneducated spouses. When the labor-market return to schooling rises, home production demands less time, and the traditional spousal labor division norms weaken, more women may invest in schooling than men. (JEL I21, J12, J24, J31)

JEL-codes: I21 J12 J24 J31 (search for similar items in EconPapers)
Date: 2009
Note: DOI: 10.1257/aer.99.5.1689
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (202)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.99.5.1689 (application/pdf)
http://www.aeaweb.org/aer/data/dec09/20061151_data.zip (application/zip)
http://www.aeaweb.org/aer/data/dec09/20061151_app.pdf (application/pdf)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: Investment in Schooling and the Marriage Market (2008)
Working Paper: Investment in Schooling and the Marriage Market (2006)
Working Paper: Investment in Schooling and the Marriage Market (2006)
Working Paper: Investment in Schooling and the Marriage Market (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:99:y:2009:i:5:p:1689-1713

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().